Sapiens International Co. (NASDAQ:SPNS) Receives $34.25 Average Price Target from Analysts

Sapiens International Co. (NASDAQ:SPNS) has earned an average rating of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $34.25.

Several equities analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $35.00 price target on shares of Sapiens International in a research note on Wednesday, February 19th. Barclays boosted their price target on shares of Sapiens International from $28.00 to $31.00 and gave the company an “underweight” rating in a research note on Friday, May 9th.

Sapiens International Stock Down 1.1%

SPNS stock opened at $29.70 on Friday. The firm has a market cap of $1.66 billion, a PE ratio of 23.02 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.24. The firm’s fifty day moving average is $27.52 and its 200 day moving average is $27.29. Sapiens International has a one year low of $23.69 and a one year high of $41.22.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The business had revenue of $136.11 million for the quarter, compared to the consensus estimate of $136.25 million. During the same period last year, the firm posted $0.36 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. On average, research analysts forecast that Sapiens International will post 1.42 EPS for the current year.

Sapiens International Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, April 7th were issued a dividend of $0.66 per share. This is an increase from Sapiens International’s previous semi-annual dividend of $0.22. This represents a yield of 2.2%. The ex-dividend date was Monday, April 7th. Sapiens International’s dividend payout ratio (DPR) is 46.15%.

Hedge Funds Weigh In On Sapiens International

A number of institutional investors have recently modified their holdings of the company. Larson Financial Group LLC grew its stake in shares of Sapiens International by 2,216.7% during the 1st quarter. Larson Financial Group LLC now owns 973 shares of the technology company’s stock valued at $26,000 after buying an additional 931 shares during the period. Blue Trust Inc. grew its stake in Sapiens International by 171.2% during the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock worth $36,000 after buying an additional 856 shares during the period. Quarry LP purchased a new stake in Sapiens International during the fourth quarter worth approximately $37,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Sapiens International by 2,507.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company’s stock worth $132,000 after buying an additional 4,689 shares during the period. Finally, Morgan Dempsey Capital Management LLC boosted its stake in shares of Sapiens International by 8.8% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company’s stock valued at $178,000 after purchasing an additional 539 shares during the period. Institutional investors and hedge funds own 30.73% of the company’s stock.

Sapiens International Company Profile

Sapiens International Corporation N.V. provides software solutions for the insurance industry in North America, the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides various solutions for property and casualty commercial and personal lines, life and pensions, and reinsurance fields.